New Delhi: In the latest, Kishore Biyani, Future group chairman stepped down from the position of Managing Director of Future Retail. The decision is part of the realignment strategy of the group’s business.
The resignations would be effective from May 1, 2016, Future Retail said in a BSE filing.
Besides, Rakesh Biyani has also resigned from the post of Joint Managing Director as well as Director of the company as part of a restructuring to execute the merger Bharti Retail with the company announced last year.
However, Kishore Biyani would continue to hold office as non-executive director of Future Retail Ltd, it added.